Gamco Investors INC. ET AL lifted its holdings in Astec Industries, Inc. (NASDAQ:ASTE – Get Rating) by 3.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 977,480 shares of the industrial products company's stock after buying an additional 31,350 shares during the quarter. Gamco Investors INC. ET AL owned approximately 4.28% of Astec Industries worth $42,032,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of ASTE. Nisa Investment Advisors LLC bought a new position in Astec Industries in the 1st quarter worth about $179,000. Bank of America Corp DE raised its stake in Astec Industries by 24.1% during the 4th quarter. Bank of America Corp DE now owns 40,575 shares of the industrial products company's stock valued at $2,810,000 after acquiring an additional 7,891 shares in the last quarter. Barclays PLC boosted its position in Astec Industries by 64.7% during the 4th quarter. Barclays PLC now owns 43,896 shares of the industrial products company's stock worth $3,041,000 after acquiring an additional 17,236 shares during the period. IndexIQ Advisors LLC grew its stake in shares of Astec Industries by 66.0% in the first quarter. IndexIQ Advisors LLC now owns 9,292 shares of the industrial products company's stock worth $400,000 after purchasing an additional 3,693 shares in the last quarter. Finally, Pinebridge Investments L.P. acquired a new position in shares of Astec Industries during the fourth quarter valued at $104,000. Institutional investors own 95.14% of the company's stock.
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Astec Industries Stock Down 5.3 %
ASTE stock opened at $37.48 on Wednesday. The company has a 50-day simple moving average of $42.25 and a 200 day simple moving average of $42.85. The company has a market capitalization of $856.98 million, a P/E ratio of 1,874.00 and a beta of 1.40. Astec Industries, Inc. has a fifty-two week low of $36.31 and a fifty-two week high of $75.00.
Astec Industries (NASDAQ:ASTE – Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.33). Astec Industries had a net
margin of 0.03% and a return on equity of 3.72%. The company had revenue of $318.20 million during the quarter, compared to the consensus estimate of $308.70 million. During the same quarter last year, the business earned $0.49 earnings per share. The company's revenue was up 14.6% on a year-over-year basis. Equities analysts anticipate that Astec Industries, Inc. will post 1.38 EPS for the current year.
Astec Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Friday, August 12th were issued a $0.12 dividend. The ex-dividend date was Thursday, August 11th. This represents a $0.48 annualized dividend and a dividend yield of 1.28%. Astec Industries's dividend payout ratio (DPR) is 2,400.00%.
Astec Industries Company Profile
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Astec Industries, Inc designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities in the United States and internationally. The company operates in two segments, Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment offers asphalt plants and related components, heaters, concrete dust control systems, asphalt pavers, vaporizers, concrete material handling systems, screeds, heat recovery units, paste back-fill plants, asphalt storage tanks, hot oil heaters, bagging plants, fuel storage tanks, industrial and asphalt burners and systems, custom batch plants, material transfer vehicles, soil stabilizing-reclaiming machinery, blower trucks and trailers, milling machines, soil remediation plants, wood chippers and grinders, pump trailers, concrete batch plants, control systems, liquid terminals, storage equipment and related parts, construction and retrofits, polymer plants, and concrete mixers, as well as engineering and environmental permitting services.
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